Community Health Systems rises after $460 mln medical center divestiture
ReutersApr 15, 2025 8:30 PM
Shares of hospital operator Community Health Systems CYH.N rise 8.4% to $2.70 in extended trading
CYH says it is selling its 80% ownership stake in Cedar Park Regional Medical Center in Texas to Ascension Health
Ascension Health already owns a minority stake in the medical center, CYH says
The sale price is $460 million in cash
Deal expected to close in late Q2 or early Q3 of 2025
As of last close, stock down 16.7% YTD
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